Fiber Optic Sensor Market Challenges, Opportunities, Market Entry Strategies, Key Manufacturers Analysis And Forecast To 2027 | Impact of COVID-19
Fiber optic sensors are sensors attached to optical fibers and have the capacity to sense rotation, displacement, pressure, temperature, and vibration. Its small size, resistance to electrical interference, high refractive index, and advantages over conventional sensors are likely to warrant its demand across the IT industry. The global fiber optic sensor market report by Market Research Future (MRFR) contains the categories of various fiber optic sensors in the back of the IT boom, drivers and challenges, and niche opportunities for the period of 2016 to 2022 (forecast period). The outbreak of the COVID-19 virus and its effects on the industry has been taken into account. Market Scope The global fiber optic sensor market size is estimated to reach USD 3 billion by 2022. It is expected to grow at a rate exceeding 11% over the forecast period. The demand for optical sensors in the oil & gas industry is expected to be the major driver of the market. Its high tolerance and environme